From 5 years ago, roughly speaking, housing prices are down 30-50 percent and interest rates are down 30-40 percent. The effective cost of owning a home is cheaper than it’s ever been and more affordable than renting an apartment.

Despite all this, people aren’t buying homes because they are afraid of losing their jobs, they’re not confident in the economy or the can’t qualify for a mortgage.

From an investor standpoint this is an incredible opportunity. There’s no surprise that big funds are getting into the landlord game. Although there are different approaches to these investments, the bottom line is that if hold for a long time and purchase for low rates (and refinance if rates go down), houses are a great investment.

For me, SFR presents a way to take advantage of the once in a lifetime investment environment. I’m in the beginning stages of pursuing bank-owned, auction, and other distressed avenues to buy my first investment property.

How are you taking advantage of the unique investment landscape?

P.S. Even sellers are looking for creative ways to deal with single-family properties. A broker in Arizona is taking the penny auction approach to selling a home through his site ibidacent.com.

About Me

This is my personal blog where I share tips on starting your real estate career, challenges of doing your first deal, and advice on passive real estate investing. For work, I run acquisitions for Atlas Real Estate Partners, a private investment firm based in NYC where I was the first hire.

START YOUR CRE CAREER

Real estate is a great career where creative individuals come together to build something tangible.